TSB bank switching deal returns with extra perks – should you move banks?

TSB is offering the best bank switching bonus on the market with a host of perks. Should you move banks?

TSB bank branch
(Image credit: Getty Images/Peter Dazeley)

TSB has returned with its bank switching offer and this time, it has increased its cash bonus as it tries to tempt customers to move banks. 

You can get up to £190 when you switch to the provider (£100 upfront and up to £90 in monthly cashback), plus a lifestyle reward – making it the best switch bonus on the market. TSB's previous deal back in June offered up to £160, giving £100 upfront and £60 through its monthly cashback scheme. 

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Vaishali has a background in personal finance and a passion for helping people manage their finances. As a former staff writer for MoneyWeek, Vaishali covered the latest news, trends and insights on property, savings and ISAs.

She also has bylines for the U.S. personal finance site Kiplinger.com and Ideal Home, GoodTo, inews, The Week and the Leicester Mercury.